NSECredit Rating10 Jul 2026 · 10 Jul 2026, 06:54 pm

Credit Rating

GMR AIRPORTS LIMITED · GMRAIRPORT

✦ AI Summary▲ PositiveRating Change

GMR Airports Limited has informed the exchange that CARE Ratings Limited has upgraded its ratings for the company's non-convertible bonds, long-term bank facilities, and short-term bank facilities.

Analysis Scores

Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk0/10
Balance Sheet Risk0/10
Liquidity Impact8/10
Market Sentiment8/10

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Full Announcement

GMR AIRPORTS LIMITED has informed the Exchange about Credit Rating

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GMRINFRA_10072026185332_10072026-CREDITRATING.pdf

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GMR AIRPORTS LIMITED (Formerly GMR Airports Infrastructure Limited) July 10, 2026 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot no. C/1, G Block, Mumbai 400001. Bandra-Kurla Complex Equity Scrip: 532754 Bandra (E) Debt Scrip: 976449, 976601, Mumbai - 400051 977026, 977027 Symbol: GMRAIRPORT Sub: Intimation under Regulations 30, 51 and 55 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Credit Ratings Dear Sir/Madam, In terms of Regulation 30, 51,55 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), we wish to inform you that CARE Ratings Limited, a Credit Rating Agency, has upgraded its ratings from “CARE A; Stable” to “CARE A+; Positive” for the Non-Convertible Bonds issued by the Company amounting to upto Rs. 1500 crores only. Further, CARE Ratings Limited has upgraded its ratings from “CARE A; Stable” to “CARE A+; Positive” for the Long Term Bank Facilities availed/to be availed by the Company and has upgraded its rating from “CARE A1” to “CARE A1+” for the Short Term bank facilities availed by the Company. The copy of the letter issued by Care Ratings Limited is available on the website of the Company. The information required under Regulation 55 of SEBI Listing Regulations and SEBI Operational Circular number SEBI/HO/DDHS/DDHS_Div1/P/CIR/ 2022/0000000103 dated July 29, 2022, as amended from time to time, regarding Annual review of the Credit ratings assigned to the Non-Convertible Bonds issued by the Company, is annexed herewith. Request you to take the above information on records. Thanking you, for GMR Airports Limited (Formerly GMR Airports Infrastructure Limited) T. Venkat Ramana Company Secretary & Compliance Officer Corporate Office: New Udaan Bhawan, Opp. Terminal 3, Indira Gandhi International Airport, New Delhi - 110 037 Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase– III, Gurugram– 122002, Haryana, India CIN L52231HR1996PLC113564 T +91 124 6637750 E gal.cosecy@gmrgroup.in W www.gmraero.com Annexure Information required under Regulation 55 and SEBI Operational Circular number SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/0000000103 dated July 29, 2022, as amended from time to time, regarding Annual review of the Credit ratings assigned to the Non-Convertible Bonds issued by the Company Details of credit rating Current rating details S ISIN Name Credit Outlook Rating SpecifDate ofV erificaDate of r. of the rating (Stable/ Action y Credit tion verificati N Credit assign Positive (New/ other rating status on o. Rating ed / Upgrade rating of Agency Negative/ action Credit / No Downgra Rating Outlook) de/ Re- Agenci Affirm/ es Other) 1 2 3 4 5 6 7 8 9 10 1 INE776 CARE CARE Positive Upgrade - July 09, Verifie July 09, C08059 Ratings A+ d 2026 d 2026 Limited 2 INE776 CARE CARE Positive Upgrade - July 09, Verifie July 09, C08067 Ratings A+ d 2026 d 2026 Limited Corporate Office: New Udaan Bhawan, Opp. Terminal 3, Indira Gandhi International Airport, New Delhi - 110 037 Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase– III, Gurugram– 122002, Haryana, India CIN L52231HR1996PLC113564 T +91 124 6637750 E gal.cosecy@gmrgroup.in W www.gmraero.com